National Real Estate Development and Sales in January to March 2022

National Bureau of Statistics of China 2022-04-20 16:42 Print| Large| Medium| Small

1. The Completion of Real Estate Investment

From January to March, the national investment in real estate development was 2,776.5 billion yuan, a year-on-year increase of 0.7 percent; among them, the residential investment was 2,076.1 billion yuan, an increase of 0.7 percent.

From January to March, the housing construction area of real estate development enterprises was 8,062.59 million square meters, a year-on-year increase of 1.0 percent. Among them, the residential construction area was 5,690.45 million square meters, an increase of 1.1 percent. The new construction area of houses was 298.38 million square meters, down 17.5 percent. Among them, the newly started residential area was 215.58 million square meters, down 20.3 percent. The completed housing area was 169.29 million square meters, down 11.5 percent. Among them, the completed residential area was 123.23 million square meters, down 11.3 percent.

2. Sales of Commercial Buildings

From January to March, the sales area of commercial housing was 310.46 million square meters, a year-on-year decrease of 13.8 percent; among them, the residential sales area decreased by 18.6 percent. The sales volume of commercial housing was 2,965.5 billion yuan, down 22.7 percent; among them, residential sales decreased by 25.6 percent.

At the end of March, the area of commercial housing for sale was 561.13 million square meters, a year-on-year increase of 8.2 percent. Among them, the residential area for sale increased by 14.2 percent.

3. Sources of Funds for Real Estate Development Enterprises

From January to March, the capital of real estate development enterprises reached 3,815.9 billion yuan, a year-on-year decrease of 19.6 percent. Among them, domestic loans were 552.5 billion yuan, down 23.5 percent; the utilization of foreign capital was 1 billion yuan, down 7.8 percent; self-raised funds amounted to 1,239.5 billion yuan, down 4.8 percent; deposits and advance receipts were 1,225.2 billion yuan, down 31.0 percent; personal mortgage loans amounted to 636.9 billion yuan, down 18.8 percent.

4. National Real Estate Climate Index

In March, the real estate development climate index (hereinafter referred to as "national housing climate index") was 96.66.

Investment in Real Estate Development for January-March

Indicators	Absolute Value	Growth Rate Year-on-Year (%)

Investment in Real Estate (100 million yuan)	27765	0.7
Of which: Residential Buildings	20761	0.7
Office Buildings	1172	-1.6
Buildings for Commercial Business	2347	-2.1
Floor Space under Construction (10,000 sq.m)	806259	1.0
Of which: Residential Buildings	569045	1.1
Office Buildings	32067	-0.8
Buildings for Commercial Business	73280	-5.9
Floor Space of Houses Newly Started (10,000 sq.m)	29838	-17.5
Of which: Residential Buildings	21558	-20.3
Office Buildings	827	-4.2
Buildings for Commercial Business	2149	-15.1
Floor Space of Buildings Completed (10,000 sq.m)	16929	-11.5
Of which: Residential Buildings	12323	-11.3
Office Buildings	519	-19.1
Buildings for Commercial Business	1450	-17.8
Land Acquisition Area (10,000 sq.m)	1339	-41.8
Value of Land Transactions (100 million yuan)	672	-16.9
Floor Space of Commercial Buildings Sold (10,000 sq.m)	31046	-13.8
Of which: Residential Buildings	26305	-18.6
Office Buildings	718	24.8
Buildings for Business Use	1860	22.0
Sales of Commercial Buildings (100 million yuan)	29655	-22.7
Of which: Residential Buildings	26073	-25.6
Office Buildings	910	4.1
Buildings for Commercial Business	1812	11.3
Floor Space of Commercial Housing for Sale (10,000 sq.m)	56113	8.2
Of which: Residential Buildings	27565	14.2
Office Buildings	3846	3.9
Buildings for Commercial Business	12376	-2.4
Sources of Funds for Real Estate Development Enterprises 　(100 million yuan)	38159	-19.6
Of which: Domestic Loans	5525	-23.5
Foreign Investment	10	-7.8
Self-raising Funds	12395	-4.8
Deposits and Advance Payments	12252	-31.0
Personal Mortgage	6369	-18.8

Real Estate Investment in Eastern, Central and Western Regions for January- March

Regions	Investment (100 million yuan)		Growth Rate Y/Y (%)
Regions	Investment (100 million yuan)	Residential Buildings	Growth Rate Y/Y (%)	Residential Buildings

National Total	27765	20761	0.7	0.7
Eastern	15751	11398	0.9	0.4
Central	5733	4606	5.5	6.2
Western	5825	4395	-2.2	-1.7
Northeastern	457	362	-22.1	-21.6

Sales of Commercial Buildings in Eastern, Central and Western Regions for January- March

Regions	Floor Space of Commercial Buildings Sold		Sales of Commercial Buildings
Regions	Absolute Value (1000 Sq.m)	Growth Rate Y/Y (%)	Absolute Value (100 million yuan)	Growth Rate Y/Y (%)

National Total	31046	-13.8	29655	-22.7
Eastern	12147	-20.9	16487	-27.7
Central	9061	-6.0	6420	-11.8
Western	9139	-9.0	6199	-16.9
Northeastern	698	-28.8	549	-33.9

Annotations:

1. Explanation of Indicator

The total investment in real estate development this year: refers to the investment of all construction projects for housing, land development projects, public welfare construction and land acquisition costs in the reporting period. The index is cumulatively statistical data based on the principle of image progress.

Area of commercial buildings sold: refer total areas sold of new commercial buildings in the contract during the reporting period (i.e. area of floor space designated in the formal contract signed by both sides). The indicator is cumulative data.

Value of commercial buildings sold: refers to the total contracted vale of new commercial buildings for sale during the reporting period (i.e. the total value of sales for selling of commercial building as designated in the formal contract signed by both sides). This indicator is cumulative data, as well as the sale of floor space of commercial buildings.

Area for sale of commercial housing: refers to the area of commercial housing that has not been sold or leased among the completed construction areas of commercial housing available for sale or lease at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the area of housing that cannot be sold or leased, such as demolition and reconstruction, unified construction agency, public supporting buildings, self-use of real estate companies and revolving houses that have been completed in the reporting period.

The sources of funds for real estate development enterprises in the year: refers to various currencies and sources of real estate development funds actually available by the real estate development enterprises in the reporting period. Specifically, it includes domestic loans, foreign investment, self-raised funds and other funds. The index is cumulative data.

Floor space of buildings under construction: refers to the total floor space of all buildings by the real estate development enterprises during the reference time. Including floor space newly started in current year, floor space of continued construction of the building from the former period, floor space of stopped or postponed in the previous period but recovered in current year, floor space completed during current year, and newly started floor space in current year but postponed. Floor space under construction of multi-story buildings refers to the total floor space of all stories.

Floor space of houses newly started: refers to floor space of houses newly started by the real estate development enterprises during the reference time, the unit project as the accounting object. Not including continued construction area of housing which started in the previous period, and restarted construction area in the current year but stopped or postponed in the previous period. Specific due date is subject to starts to housing officially began ground-breaking gouge (ground treatment or permanent piles). Floor space of houses newly started refers to the entire floor spaces of whole building; the calculation cannot be separated.

Floor space of buildings completed: refers to housing construction during the reporting period have been completed in accordance with design requirements, achieved to living and conditions of use, acceptance of accreditation standards or to the final acceptance, total building areas could formally hand over to be used.

Land acquisition area: refers to land area by the real estate development enterprises in the year through various ways to obtain land.

Value of land transactions: refers to final amount of transactions of land use rights by the real estate development enterprises. In the primary land market, refers to the final section of land allocation, "auction" price and sale price; the secondary land market, refers to the finalize the contract price on land transfer, lease, mortgage, etc. Price of land transactions and land acquisition area are the same scope, December calculate the average purchase price of land.

2. Statistics Coverage

All real estate development and corporate business units.

3. Survey Methods

Collected monthly with complete enumeration (no report in January).

4. Brief Description on National Real Estate Climate Index

The national real estate climate index follows the theory of economic cycle fluctuation, based on the business cycle theory and business cycle analysis, using time series, multivariate statistics, econometric analysis, taking real estate development and investment as the benchmarks, selecting related indicators such as real estate investment, capital, area, sales, excluding the impact of seasonal factors, including random factors, compiled by adopting the growth rate cycles method. The historical data will be revised monthly according to the newly added data. National real estate index selected year 2012 as the base year, and its growth rate was set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95 and 105, the lower level is below 95, and the higher level is above 105.

5. Division on Eastern, Central, Western and Northeastern Regions

Eastern region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin, and Heilongjiang.